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On wall street. Yesterday we heard from j. P. Morgan and wells fargo. Brian moynihan is reporting a great Fourth Quarter. Scarlet fu has more in the newsroom. Break it down for us. Quarterly profit at bankamerica could quadruple in the Fourth Quarter thanks to approving credit trends. Relatively strong sales and trading numbers and a favorable tax rate as well. Earnings per share in the Fourth Quarter up . 29 compared to the consensus of . 27. Revenue coming in higher than anticipated, 21. 7 billion. Over the past month, eight analysts ratcheted it down. The bar was lowered. Pretax litigation expense. It is a noisy quarter because of these onetime items. A 2. 1 3 billion charge there. One investor who was on surveillance said he is not exactly sold on bankamerica yet, even though it is leveraging the bank economy. Becaus ....
Someone new in the driver seat at General Motors. Is succeeding dan ackerson. She started as a plant engineer on the factory floor when she was just 18, and the rest of her resume stands on its own. She was head of manufacturing, but religious given the second half, head of product of element in 2011. Her real calling card is cutting management layers, cutting red tape costs, and trying to taper what gm does while still building cool cars to make money. Barras appointment would make her the first female ceo for an auto company on the entire planet. She was asked what it was like to be a woman in a traditionally maledominated business. I worked at General Motors for 33 years with wonderful people. I always have been evaluated on what i contributed and what results i was able to obtain into your organization, but we come together as a team. Putting a car or truck on the road is ....
Ackerson. She started as a plant engineer on the factory floor when she was just 18, and the rest of her resume stands on its own. She was head of manufacturing, but religious given the second half, head of product of element in 2011. Her real calling card is cutting management layers, cutting red tape costs, and trying to taper what gm does while still building cool cars to make money. Barras appointment would make her the first female ceo for an auto company on the entire planet. She was asked what it was like to be a woman in a traditionally maledominated business. I worked at General Motors for 33 years with wonderful people. I always have been evaluated on what i contributed and what results i was able to obtain into your organization, but we come together as a team. Putting a car or truck on the road is a team sport. I just view myself as part of a team. If by being a woman i can encourage young women who like math and scien ....
Trish making the comment we are off the highs on the s p 500. Not much off the highs. Problem, still waiting on a deal out of washington. Why it is upstand 1200. It is the last price on gold. Also, a bit in crude oil. That is a sixweek high. Onto the big three. Julie hyman keeping an eye on them for us. The first of these is an etf. A spider etf. I wanted to check it because the volcker rule is being approved. Expected tors approve it by the end of the day. Talking with chris whalen about what it means for the bank. I have been preparing for this day for quite some time. Gilead sciences one of the worst performers in the s p 500. Hepatitis c drug they are preparing to come to the market. An executive says it is going to spark a drug war among hepatitis c drug makers. Finally, starbucks down after an analyst said that samestore sales may be slowing in the u. S. To around six percent from around eight percent the prior order. In. Rra is ackerson is out. She has been groomed for this role ....